The 2018 option is guaranteed for injury only, so the Jaguars could decide to cut Bortles if he struggles again in 2017 and avoid paying him about $18 million in the final year of his deal.

If Bortles plays well and looks like a long-term solution at the all-important position, the Jaguars would work on an extension to keep Bortles in town beyond 2018. If not, they'll be in the market for a quarterback in next year's QB-rich draft.

Coughlin says: "This is a smart business decision for the team for several reasons. It makes sense for us going forward, and it's good for Blake and for the Jaguars."